Tax question: Lost collection in a fire! Messages in this topic - RSS

Mooncricket
Mooncricket
Posts: 2

2/2/2016

Mooncricket
Mooncricket
Posts: 2
I lost my entire collection in a house fire this past summer, insurance is only going to pay $2500 for a collection that was worth 10 times that. I was told I can claim that $22,500 loss on my taxes but have no idea how. Any help is much appreciated.

The $2500 is the max allowable, they aren't discounted the worth.
edited by mooncricket on 2/2/2016
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